Zcash (ZEC)

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Zcash (ZEC) is a project that was in development very early in the life of the crypto market, and inherits much from a previous initiative: Zerocoin. Zcash was released in October 2016 and has garnered much attention for its work on zk-SNARKs, a pioneering privacy protocol that is being reviewed by other cryptocurrency projects as well.

Zcash is a privacy focused token, and lets users completely shield transaction information. However, there is the option to send transactions with selectively disclosed information as well, such as for when the data may be needed for audits. 

Zcash’s founder Zooko Wilcox, who is a respected voice in the cryptocurrency space, has described the project as being a global, permissionless blockchain that can effectively shield transaction data. The origins of the project go far back to the 1980s, when zero-knowledge proofs were invented. Zcash improves upon ideas laid in the work of zerocoin.  

The most anticipated update arriving on Zcash’s roadmap is its Blossom phase, where it introduces such features as harmony mining, shorter block times and increasing the transparency of the funding streams. Harmony mining in particular is an interesting development, as it is catering to both ASIC and GPU miners. It is a dual PoW scheme algorithm that is designed to work with existing mining equipment, as well as GPUs on a shorter time scale. This is intended to make the network more democratic.

In this tag, read Zcash (ZEC) news, price predictions, opinions and analyses created by users.

8 May My Technical Analysis

8 May 2022 2 minute read 0 comments Biologist25

  According to the $BTC regression analysis, the probability of a weekly close below 38176 is now very high compared to the current data. The possibility of making a weekly closing above 38176 until 03:00 at night seems very difficult to me. There ar...

Bitcoin Volatility Fades Away; Top Most Promising Privacy Coins

7 May 2022 2 minute read 0 comments Mike Ermolaev

In terms of seasonality, May is considered a relatively successful month for BTC. Given the current risk aversion among investors and the macroeconomic environment, this May may prove to be different.  Those accustomed to Bitcoin's extreme volatility...

5 May My Technical Analysis

5 May 2022 1 minute read 0 comments Biologist25

There was no weekly closing below the blue regression value, which was at the level of 37830 last week, and it set a bottom again. It's okay as long as the net bottom determinant of the last 3 months is not destroyed here ✅ 🛡This week value: 38176...

4 May My Technical Analysis

4 May 2022 1 minute read 0 comments Biologist25

$BTC is positive before the FOMC, but so far, price and OI movements are mostly about closing shorts.I wrote it in the last analysis, but let me repeat, 50bps and below (as it is highly likely to be priced) can cause an increase, while 75bps can caus...

Monero & Zcash Privacy ...

30 Apr 2022 4 minute read 0 comments Nas.A

  When I heard about privacy coins when I was just getting to know the cryptocurrency markets, I found it pointless. It seemed good enough for me to be able to make secure, fast and transparent transactions thanks to blockchain technology. But the si...

Panama to introduce crypto-friendly regulation

29 Apr 2022 3 minute read 1 comment I-HODL

A little over one year after El Salvador announced its intent to legalize Bitcoin, later following up on its promise to do so,  a number of other countries has followed in its footsteps. And while many have not gone so far as to accept cryptocurrency...

Simplifying Zero Knowledge (ZK) Proof & Its Different Applications

28 Apr 2022 2 minute read 0 comments finguru

ZK (Zero-Knowledge) Proof or ZK Protocol is fairly a new technique of cryptography that was first introduced in 1985 by MIT researchers Shafi Goldwasser, Silvio Micali & Charles Rackoff. All of them are genius computer scientists and mathematicians d...

Anonymous coins go to the moon

30 Mar 2022 1 minute read 0 comments Stormgain

Rising geopolitical tensions have led to increased demand for high confidentiality cryptocurrencies. In this context, the previous month saw Zcash shoot up by 109%, while Monero rose by 48%. The Zcash and Monero networks share virtually the same bas...

Privacy coins: explore crypto anonymity

24 Mar 2022 3 minute read 7 comments Swapzone

Anonymity is one of the values that crypto users look forward to in cryptocurrencies. Although most cryptos offer a certain level of anonymity not all are truly anonymous cryptos. This is where privacy coins come in. In the last decade, fully anonymo...

What is Shielded Transaction?[With Example]

8 Mar 2022 2 minute read 0 comments cryptne3d

If we send a coin or token from one address to another, all the transaction details such as; All types of information are collected in the blockchain, including the addresses, the amount, and the memo. Anyone can view or collect this information. Whi...